The first Belgian Real Estate Investment Fund

On April 12, 2017, The Alma Court Invest managed by Merco obtained with assistance of Deloitte & Laga Law Firm the accreditation of the first Belgian Real Estate Investment Fund (‘B-REIF’) 
The new regime of the FIIS/GVBF was introduced by the Royal Decree of 9 November 2016.
The FIIS/GVBF is a closed-end, non-quoted alternative investment fund (AIF) for real estate investments. It is open to institutional and professional investors only.
The FIIS/GVBF is suitable both for domestic real estate assets as well as to structure pan EU real estate investments.
It benefits from some favourable tax characteristics, and offers a quite light prudential framework making it an attractive vehicle for the real estate asset management industry.
Now that the first company is accredited as a FIIS/GVBF, it may be expected that other property companies and real estate funds will follow.